Pawlonka T. BEHAVIOURAL FINANCE IN AGRIBUSINESS – THE BIRTH OF A CONCEPT
| Autor | Tomasz Pawlonka |
| Tytuł | BEHAVIOURAL FINANCE IN AGRIBUSINESS – THE BIRTH OF A CONCEPT |
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| Słowa kluczowe | homo oeconomicus, rationality, agriculture, speculative motif |
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| Abstrakt | Up until now, a model approach has constituted the core of mainstream economics with regard to the decision maker and decision-making conditions. The financial (and economic) crises appearing with increased frequency and numerous market anomalies, although considered predictable by economists and being only a residual component of econometric models, are related to the growing financialization of the economy and an existing asymmetry of information in the absence of full decision-maker rationality. The importance of the psychological characteristics of individuals, their knowledge, the level of trust and priorities, recognized more and more commonly in economic practice, make it necessary to conduct research to identify ‘difficult quantifiable’ characteristics of decision-makers, including their purely economic considerations. (as a supplement to previous economic considerations, including the inclusion of new variables to econometric models that have been in operation for years). The aim of the study was to systematize the evolution of the homo oeconomicus concept along with an indication of further possible directions in its development. A survey of behavioural finance in relation to agribusiness has also been reviewed, which is a perfect example of the evolution of mainstream economics. |
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| Cytowanie | Pawlonka T. |
| HTML | wersja html |
| Pełny tekst | ESARE_2018_n1_s389.pdf |
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Franc-Dąbrowska J. Financialization of economy, taking into account agribusiness
| Autor | Justyna Franc-Dąbrowska |
| Tytuł | Financialization of economy, taking into account agribusiness |
| Title | Finansowanie gospodarki z uwzględnieniem agrobiznesu |
| Słowa kluczowe | ufinansowienie, agrobiznes |
| Key words | financialization, agribusiness |
| Abstrakt | Ufinansowienie gospodarki dokonuje się. Wydaje się, że wraz z postępem w tempie obiegu informacji, powstawania nowych instrumentów finansowych i poszukiwania nowych form tworzenia wartości jest to proces nieodwracalny. Finansjalizacja dotyczy także sfery agrobiznesu. Specyficzne cechy sektora rolnego, a szczególnie czynnika produkcji jakim jest ziemia, spowodowały zainteresowanie inwestorów skierowaniem wolnych środków pieniężnych do tego sektora. Cechą charakterystyczną ufinansowienia agrobiznesu jest zakup ziemi, która pozwala na ograniczenie ryzyka inwestycyjnego, jednocześnie stanowiąc zabezpieczenie przed inflacją. Z badań wynika, że ufinansowienie w agrobiznesie dokonuje się nie tylko za sprawą angażowania środków pieniężnych inwestorów spoza tego sektora, ale także częściowo samych rolników. |
| Abstract | Financialization of economy is taking place. It seems that along with the progressing rate of information flow, emergence of new financial instruments and searching for new forms of creating value, this process is irreversible. Financialization is also applicable to the field of agribusiness. The specific traits of the agricultural sector - in particular, one of its production factors, that is, land - have resulted in growing interest of investors in directing uncommitted cash to this sector. A typical trait of financialization of agribusiness is purchase of land, which allows for reduction of investment risk, at the same time offering security against inflation. Research shows that financialization in agribusiness results not only from commitment. |
| Cytowanie | Franc-Dąbrowska J. (2017) Financialization of economy, taking into account agribusiness.Roczniki Naukowe Ekonomii Rolnictwa i Rozwoju Obszarów Wiejskich, t. 104, z. 4: 7-14 |
| HTML | wersja html |
| Pełny tekst | RNR_2017_n4_s7.pdf |
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